Asset management company Ruffer has revealed that it bought some Bitcoin in November after reducing its exposure to gold. In a recent announcement by the company, they noted that the move was a defensive one to hedge against the devaluation of currencies around the world. The exposure to Bitcoin is
Exit scams are not new in the cryptocurrency space. The crypto boom of late 2017 saw the proliferation of ICOs – a lot of which were scam projects. Similarly, the decentralized finance (DeFi) boom of 2020 has ushered in yet another wave of rug pulls and exit scams. As a matter
Famous for his book Rich Dad Poor Dad, Robert Kiyosaki, has expressed his beliefs that Bitcoin could be heading for new highs next year. The American business man and author expressed his views in a tweet stating that Bitcoin will tend towards $50,000 next year. His prediction was based
DeFi lending platform, Kava, has been listed as a staking asset on the crypto exchange, Kraken. Kraken confirmed the listing earlier today in an official blog post which said: We’re excited to list 2 new trading assets and one new staking asset starting December 15 at approximately 13:30
In 2014, cryptocurrency exchange Mt. Gox fell victim to an infamous hack. Approximately 850,000 bitcoins then valued at around $450 million were stolen from the exchange. Since then, there has been a lot of back and forth with users trying to recover their stolen funds. It should be noted
Senator-elect for Wyoming, Cynthia Lummis, has reiterated her bullish stance on bitcoin during a recent podcast appearance – What Bitcoin Did. Lummis who became the first woman to represent Wyoming in the U.S. Senate hopes to makes Bitcoin more visible in the government scenes. She strongly believes that digital assets
2020 has been quite a remarkable year for Decentralized Finance (DeFi), Bitcoin, and the crypto industry in general. However, it appears 2021 will be an even more interesting year, considering the number of institutional players that are entering the space. Banca Generali, a major player in the Italian private banking
Following the completion of its month-long stint on Binance Launchpool, Hard protocol has gone to record growth metrics that are indicative of its emerging status in the DeFi market. The most notable of these achievements is the recent price rally of HARD token. On the 3rd of November, Binance began
For several months, Grayscale Investments has been increasing its cryptocurrency stash. Yesterday, we reported that the firm purchased an additional $100 million worth of Bitcoin and Ethereum. Touted as the world’s largest crypto asset management firm, Grayscales’s cryptocurrency asset under management (AUM) has now surpassed $13 billion. 12/
As a follow up on institutional investors scrambling for every available Bitcoin, the world’s largest crypto investment firm, Grayscale, has added another $100 million in bitcoin and ether to its portfolio. Data from crypto analytics firm, Bybt, revealed that Grayscale topped up with 131,402 Ethereum (equivalent to $74
Zhou Xiaochuan, a former governor of the People’s Bank of China (PBoC), expressed his views on China’s digital currency electronic payment (DCEP). He believes that the digital Yuan will not overthrow the order of the global monetary framework, South China Morning Post reported on Sunday. Whilst speaking to
Stats from BTC Block Bot, an automated Twitter account that tracks Bitcoin movements, reveal that some whales are moving their bitcoins. In the last 24 hours, nearly $1.5 billion worth of BTC has been moved across wallets. The first Bitcoin whale moved 23,967 BTC worth $463 million from
It has been two weeks since the much-anticipated Ethereum 2.0 upgrade went live. Interestingly, the future is looking bright for the network as the team working on Phase 0 of the upgrade said that the launch was smooth. ConsenSys developer, Ben Edgington, in his latest ETH 2.0 update
Prominent investment bank, JPMorgan Chase, has come out to say that Bitcoin could receive an additional $600 billion inflow in the future. Citing a recent $100 million investment in Bitcoin from the insurance company MassMutual, JPMorgan believes that the digital asset has reached a significant turning point. As reported by
For the past few weeks, the consensus is that a lot of institutional investors are buying Bitcoin and are behind the digital asset’s 2020 price rally. If the words of Philip Gradwell, an economist at Chainalysis are anything to go by, then this consensus is not just hearsay. On-chain
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India has maintained quite a stringent stance against Bitcoin and digital assets in general. In late 2017, during Bitcoin’s epic rise to around $20,000, the Reserve Bank of India (RBI) began to squash cryptocurrency transactions by outlawing banking transactions with crypto traders. However, in March this year, the